How many phases does the 2-Step Challenge have?
How many phases does the 2-Step Challenge have?
Two evaluation phases followed by the Funded level.
What is the Phase 1 Profit Target?
What is the Phase 1 Profit Target?
9%.
What is the Phase 2 Profit Target?
What is the Phase 2 Profit Target?
6%.
Is there a profit target after I become Funded?
Is there a profit target after I become Funded?
No.
What is the Daily Drawdown?
What is the Daily Drawdown?
5%.
What is the Maximum Drawdown?
What is the Maximum Drawdown?
10% Static Maximum Drawdown.
Does the Maximum Drawdown trail upward?
Does the Maximum Drawdown trail upward?
No. It is static.
Does open P&L count toward drawdown?
Does open P&L count toward drawdown?
Yes.
How many profitable days are required?
How many profitable days are required?
6 Minimum Profitable Days.
Is there a consistency rule?
Is there a consistency rule?
No.
Can I trade during news?
Can I trade during news?
No.
Can I hold trades overnight?
Can I hold trades overnight?
Yes.
What leverage is available?
What leverage is available?
Up to 1:75 depending on the instrument.
Is there a time limit for Phase 1 or Phase 2?
Is there a time limit for Phase 1 or Phase 2?
No.
When can I request my first Funded Reward?
When can I request my first Funded Reward?
After 15 days, subject to the applicable Reward requirements.
Can I reset a failed account?
Can I reset a failed account?
No. You receive a 10% promotional discount toward a new purchase instead.
Can my Funded account scale?
Can my Funded account scale?
Yes. Every 4th qualifying Reward of at least 1% profit can add 10% of the original account size, subject to the scaling cap.